Paresh Davdra's blog

Market Movers 29/07/2011 - US GDP figures expected lower

Paresh Davdra — Fri, 29 Jul 2011 09:13:43 +0000

The United States sees data in the form of GDP where a lower figure is expected, in fairness given the recent debt problems it wouldn’t be a total surprise to see them come in lower.

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Market Movers 29/07/2011 - German Retail Sales expected up

Paresh Davdra — Fri, 29 Jul 2011 09:07:50 +0000

In the euro zone we have German retail sales looking to be released to the up side, this is going along to show that despite all the problems within the euro zone over the last few weeks the German economy still remain the strongest in Europe. Following on from this is European CPI where an unchanged figure of 2.7% is expected. After two rate hikes within recent months the market will be looking for a positive figure to ease any concerns regarding any future movement on rates.

Market Movers 28/07/2011 - Euro zone consumer and industrial confidence is expected lower than previous month

Paresh Davdra — Thu, 28 Jul 2011 10:02:46 +0000

In the euro zone, both consumer and Industrial confidence are anticipated lower than the previous month. (CC -9,8 to -11,4) (IC 3,2 to 2).

In spite of the agreement between European authorities, Euro is still weak and bad figures could affect the single currency.

EUR/GBP

EUR/USD

Market Movers 28/07/2011 - German unemployment rate expected to come in flat

Paresh Davdra — Thu, 28 Jul 2011 09:37:26 +0000

This morning, Germany publishes the unemployment rate, which is expected to be flat compared to the previous month. At the same time, the unemployment change is estimated at 16K, which is better than previous.

In the US the Jobless claims data is predicted worst than previous.

GBP/USD

GBP/EUR

Market Movers 27/07/2011 - US MBA Mortgage Application of housing market

Paresh Davdra — Wed, 27 Jul 2011 09:56:37 +0000

Across the Atlantic, the US Mortgage Bankers Association will reveal the MBA Mortgage Application of the US Housing Market. As it stimulates the overall US economy, a growth would directly have a positive consequence on the US dollar.

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USD/EUR

Market Movers 27/07/2011 - UK CBI Industrial Trends Survey to be released

Paresh Davdra — Wed, 27 Jul 2011 09:46:40 +0000

UK CBI Industrial Trends Survey will be released by the Confederation of British Industry. If the rate comes lower as estimated, it will have a negative effect on the GBP since it takes into account the coming investment intentions and the business confidence in the UK.

GBP/USD

GBP/EUR

Market Movers 27/07/2011 - German CPI and ECB release M3 Money Supply

Paresh Davdra — Wed, 27 Jul 2011 09:34:09 +0000

The analysts predict an increase of the German CPI on a monthly basis of 0.4%. According to them, the improvement would be driven by the rebound of the oil price. The YoY annual rate will probably reach the 2.5%.

At the same time, the ECB will release the M3 Money Supply, which shows all currency in circulation in the short term. If this important indicator keeps growing around 2.4%, it will have a positive effect on the EUR.

Market Movers 26/07/2011 - FED Manufacturing and New Home Sales figures expected better than previous

Paresh Davdra — Tue, 26 Jul 2011 09:24:51 +0000

In the US the FED Manufacturing figures and New Home sales are expected to come in better than previous, however consumer confidence is expected to decrease. None of these are expected to be dramatic movements and it is likely that no major market movements will arise as a result.

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Market Movers 26/07/2011 - Better than expected GDP figure for UK!

Paresh Davdra — Tue, 26 Jul 2011 08:58:31 +0000

The UK saw a Q on Q better than expected GDP figure showing growth from Quarter 1. This has helped the Pound rally somewhat since this morning... Overall we are still seeing a sluggish UK recovery and QE is still on the table!

So this could be a blip but either way we are seeing the best level for GBPUSD in almost two months! Give our dealers a call on 0207 220 8182 or book online.

Market Movers 26/07/2011 - UK GDP is expected to come in around half of previous

Paresh Davdra — Tue, 26 Jul 2011 08:35:46 +0000

The main piece of data released today is the UK GDP QoQ and YoY which are expected in at around half of last quarter’s and last year’s figures.

GBP/USD

GBP/EUR